Vietnam is seeking to attract more investors from Saudi Arabia to participate in new transport infrastructure projects, especially in seaports, airports, highways and railways, said Finance Minister Vuong Dinh Hue. Hue made the statement while welcoming Vice President and Managing Director of the Saudi Fund for Development Yousef Ibrahim Al-Bassam in Ha Noi Friday. Hue said he highly valued the visit by Al-Bassam and his entourage to Viet Nam. He said Vietnam was looking to develop its infrastructure and needed a great deal of capital. He said he hoped that the Saudi Fund for Development would agree to increase the number and scale of loan projects to Vietnam. Al-Bassam expressed his pleasure at the signing of two agreements on social welfare projects with Vietnam and said a group of Saudi Arabian experts would visit the country to discuss new education and rural development projects. Last Tuesday, the Finance Ministry signed loan agreements with the Saudi Fund for Development on a $14.5 million project to equip a hospital and medical training center in northern Bac Kan Province and an $11 million project to provide facilities for vocational training in the central province of Ninh Thuan.
